We work with you to determine which report meets the needs of your company, creditors and investors. Regardless of the type of assurance service provided, we adhere to the strictest professional standards.

Financial Statements - Audits

An audit is an objective examination of the financial statements of an organization to ensure that records are fairly and accurately represented. Our professionals are  proactive and make the process as streamlined as possible for your organization. Once our audit is complete, we won’t simply issue a management letter that gives you suggestions on how to enhance procedures in your accounting department; we’ll give you the information and assistance you need to implement those recommendations.

Financial Statements - Compilations & Reviews

We can provide reviews and compilations that are less in scope than an audit, but still provide financial statements representative of management and, in some cases, include some analysis. Typically, we provide these services to businesses where the assurance provided to third parties does not require an actual audit.

A review is a service where the accountant obtains limited assurance that  no material modifications  need to be made to an entity's financial statements. A review does not require the accountant to assess fraud risks, learn about internal control,, or other types of audit procedures.  A review is more detailed than a compilation. In addition to inquiries of company personnel, we perform analytical procedures applied to financial data. A compilation is limited to presenting in the form of financial statements information that is the representation of management.

Financial Statements - Agreed Upon Procedures

Agreed upon procedures do not replace an audit but are helpful in improving your organization’s controls by identifying and correcting specific accounting procedures. These engagements may be important when you need to stay compliant for regulatory purposes  or you want a closer look at transactions in a specific area.

Agreed upon procedures are a good alternative when there are concerns about a specific financial or operational aspect of an organization.

Business Strategy and Advisory

Kamens & Associates is here to help our clients grow and become more profitable. As businesses seek to maximize efficiency and effectiveness, we customize business strategies to each client's unique requirements.

At Kamens & Associates, we consider both macro and micro variables and where the company is in regards to a business cycle. This strategic perspective ranges from startup concerns such as entity selection and formation, growth issues such as uses of cash flow and planning for expansion, and maturity issues such as expansion beyond core competencies, valuation and when to sell.

Tax Compliance & Projections

At Kamens & Associates, we provide comprehensive tax services. As tax laws are constantly changing, our team members are experienced in identifying a broad range of issues that may impact your organization. By practicing a pro-active approach and learning as much about your tax situation, this allows the best opportunity to minimize tax liability wherever available.

Tax planning as a year-round activity – not just something discussed prior to the end of the year. We communicate with clients regarding regulatory developments and are always available to discuss how they relate to your business and personal situation.

Our team of tax professionals can help you, your family and your business in the following areas:

  • Consultation, planning & structuring
  • Estate & gift tax returns
  • Estate, gift & succession planning
  • Income tax return preparation
  • IRS tax representation
  • Liquidations & reorganizations
  • Mergers & acquisitions
  • Projections & forecasts
  • State & local taxation
  • Communicate with clients about regulatory developments

CFO/Controller Support Services

As the owner of a small or medium-sized business, you are forced to make every financial decision. To handle this while running the day-to-day operation and sales may simply not be feasible. Often, it is not cost effective to hire a full-time Controller or CFO. Our firm can relieve these pressures and provide an objective 3rd party perspective on a number of levels.

We can save the overhead expense of a full-time Controller/CFO, and provide objective analysis and financial consulting services to assist in making difficult decisions. It's the best of both worlds.

Business Valuation

Few things are more important to business owners than the value of their business. It's based on judgment, experience and relevant information. You need professionals who are well qualified with significant experience in evaluating all types of organizations.

Whether you are negotiating a merger, considering new shareholders,attempting to resolve disputes associated with liability, shareholder equity, estate planning or marital dissolution, objective valuation can make the difference between loss or gain, success or failure.

Our approach is to intimately know your business in order to understand what constitutes its value. We work closely with you to analyze your operations and historical financial data. Our in-depth knowledge of your business enables us to provide a well-reasoned, fully documented and defensible valuation opinion.

Entrepreneurial/Small Business Services/ Bookkeeping/Payroll

With regulations and tax policies constantly changing, running a business has become more complicated. Errors in bookkeeping and payroll can often become costly and timely.

Our trained and dedicated people can help minimize mistakes thus saving you money and time. If you want to do your own bookkeeping, we can be your second set of eyes.

We can also help you with your payroll. Sick day and vacation reporting, management of garnishments and anything that goes into making your payroll is what we can do.

This frees up resources, including time, so you can focus on other areas of your business.

Financial Planning/
Estate Planning

At Kamens and Associates, we coordinate personal financial planning, estate and gift tax planning, and trust accounting and administration with the goal of a secure financial future.

We have longtime strategic partners who guide you on strategies for personal and college savings,insurance needs and investment goals. For many, creating a personal financial plan may seem monumental. However, it is essential to partner with a professional who will assist you with tax planning as it relates to your investment and insurance portfolio.

Estate planning helps to plan for your future by assisting in limiting the a inheritance tax that your heirs may have to pay. You may be surprised at how much your assets are worth in total. We will work hand in hand with you, from working out the inherited tax liability to setting up trusts.

Cash Flow and Forecasting

Good cash management can improve a company’s liquidity, reduce costs, and increase profitability. We can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly.

Our firm combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Depending on your needs, our work can range from top-level reports to detailed financial models.